Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria to support the European Union's 11th package of sanctions against Russia

Caretaker Minister of Economy Nikola Stoyanov
Photo: BGNES

We are not faced with the dilemma whether to support the European Union's 11th package of sanctions against Russia. Bulgaria will support the sanctions as usual. The 11th package of sanctions is aimed at limiting the possibilities of circumventing the existing sanctions, caretaker Minister of Economy Nikola Stoyanov said in Parliament.

According to the analysis of the Ministry of Economy, the impact on the Bulgarian economy of the previous sanctions is insignificant. In 2022, Bulgaria's exports to Russia have decreased by less than 2%. Over the past 10 years, Bulgaria's trade with Russia has been around 5-6% of its total trade. In Minister Stoyanov’s words, Bulgaria should prepare to limit fuel imports from Russia, because the EU derogation expires at the end of 2024.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

After the talks between GERB-SDS and BSP-United Left: Regular government with full mandate is needed

Negotiations for forming a government between the future mandate-holder GERB-SDS and the parliamentary parties continue. Today, GERB-SDS sat down at the negotiating table with representatives of the BSP-United Left. The..

published on 12/17/24 4:04 PM

Martin Nanchev receives Police Officer of the Year Award

Junior Inspector Martin Nanchev received the Police Officer of the Year Award. He is a police officer of Border Police – Burgas working at the "Tsarevo" border checkpoint on the sea border. Nanchev was awarded for proven..

published on 12/17/24 3:13 PM

Negotiations on forming a government raise hopes of Vice President Iotova

Vice President Iliana Iotova said in Pernik that she is optimistic about the formation of a regular cabinet. "Yesterday's talks filled me with hope because the very fact that they will continue today means that there is room for..

published on 12/17/24 1:04 PM